Ironridge defines high priority lithium target in Ghana

The soil anomaly, known as the Hweda target, has been defined over a 1.8km strike and has a similar threshold of more than 500 parts per million lithium to the Ewoyaa Lithium pegmatite project, which the company drilled as the first phase of its 5,000 metre drill campaign in May.

"The soil anomaly is coincident with mapped pegmatites and radiometrics anomalies from the helicopter geophysics programme; providing further confidence in the target," said IronRidge Len Kolff.

The target was defined through the collection of 2,745 soil samples over the licence.

These were then processed using the AIM traded company’s in-house reflex hydraulic press and hand-held laser-induced breakdown spectroscopy (LIBS) analyser, which the firm said provides a cost-effective and rapid exploration tool.

"We have collected in excess of 12,460 soil samples to date across our Ghana lithium portfolio, in addition to processing soil samples at the same facility collected from the Adzope lithium project in Ivory Coast and we will update the market on completion of the programmes over each license," said Kolff.

The company reported that, while soil sampling and LIBS analysis continue, follow-up programmes of detailed mapping, rock-chip sampling and pitting or trenching are planned for the Hweda target.

Ironridge Resources’ shares were up 3.81% at 21.80p at 1454 BST.